Carnival Corporation Stock Is Beaten Down Now, but It Could 10X

Carnival's (NYSE: CCL) stock hit a record high of $66.19 on Jan. 29, 2018. At the time, the cruise line operator seemed like a stable long-term investment. From fiscal 2007 to fiscal 2017 (which ended in November 2017), its revenue grew at a compound annual growth rate (CAGR) of 3% as its earnings per share (EPS) rose at a CAGR of 2%.

Carnival maintained those slow but steady growth rates even as the Great Recession disrupted the expansion of the travel and leisure markets in 2008 and 2009. From fiscal 2017 to fiscal 2019, its revenue and EPS grew at CAGRs of 9% and 10%, respectively, as it expanded its fleet and attracted a new generation of younger travelers.

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Source Fool.com